Seafood Norway and Seafood Companies call government to scrap salmon permit auction
Christian Fernsby ▼ | October 10, 2022
Seafood Norway and Seafood Companies, have called on the government to scrap the upcoming salmon permit auction.Article continues below
The auction, which is held every two years and normally attracts strong interest, is due to be held on Wednesday this week. This time there appears to be little enthusiasm for it from the industry.
The last auction in 2020 netted NOK 7bn (£600m) for state coffers and local municipalities and this month’s event was expected to bring in NOK 10bn (£840m) – but that was before the budget tax blow.
Both organisations say there are a number of unresolved issues to which need to be clarified.
The Seafood Companies spokesman Robert Eriksson said it would be irresponsible to hold such a sale now because the sector does not know how the new 40% land tax will impact on the industry.
He said the situation had become somewhat chaotic, adding investment plans had come to a standstill.
Seafood Norway CEO Geir Ove Ystmark, added: “ The value of aquaculture licences has fallen dramatically in recent days, and just hours after the ground rent taxation became known, the drop in value for the listed companies was NOK 56 billion [£4.7bn] .
“The companies in the industry have the opportunity to buy growth at a fixed price ahead of the auction. It has been considered a bargain. Now we see that almost the entire industry has withdrawn these purchases. Simply because it is no longer profitable to buy at the price that has been set.” ■ What to read next
A joint venture comprised of DeRoyal Industries, Premier and 34 Premier member health systems will establish a healthcare products manufacturing facility in Powell, Tennessee.
Latest U.S. recognizes Cook Islands and Niue as sovereign states
Alpha Copper to acquire Okeover Project
U.S.: Weather pattern cool and wet over next few days
Writers and Hollywood studios reached deal to end strike
Gas leak causes explosion in Iran's Bandar Abbas refinery
More than 2,200 people seek medical help after dust storm in Iran
Bermuda government hit by cyber attack
UK cheesemakers in perfect storm
254 kg of methamphetamine seized in Myanmar's eastern state
China completes drilling at 100 million tonne oilfield
Two of three ships sailing outside 'grain corridor' moor at Pivdenny port
Highlights: September 18, 2023 - September 24, 2023
Saudi Arabia announces vaccine manufacturing facility, creation of 150 jobs
Canadian autoworkers vote on new deal with Ford
Trending Now
Texas Governor and Hungarian President met for first time
Governor Newsom: Right to Safety must be in Constitution
Trilateral negotiations on Ethiopia’s Nile dam without deal
Philippines vows to remove Chinese barriers in disputed waters
Australia extends punitive tariffs on imports from Russia, Belarus for 2 years
Today We Recommend Highlights
Enovis to acquire LimaCorporate for 800 million euros
EnergyAustralia in court over alleged misleading electricity price information
Shree Renuka Sugars to acquire Anamika Sugar Mills
Hybrid cars less polluting than electric cars, says Toyota
Tecnológico de Monterrey opens additive manufacturing laboratory in Mexico
Lithium Energi Exploration appoints Jason Nalewanyj as CFO
High Liner Foods appoints Paul Jewer as interim CEO
BP CEO resigns over personal relationships with colleagues, Auchincloss new interim CEO
Norgine appoints Saulo Martiniano as COO
Greenbrook announces key promotions, expansion of its senior team
Spain's economy grows 0.5 pct in Q2
Slow growth for Taiwan
Canadian economy set for another quarter of limited growth
World Bank: Tanzania's economy set to grow by 5.1 pct in 2023
New Zealand GDP up 0.9 pct quarterly
FedEx Q1 profit $1.08 billion
Darden Restaurants Q1 profit $194.5 million
General Mills Q1 profit $673.5 million
AutoZone Q4 profit $864.84 million
LightInTheBox Q2 revenues increased by 44.9%
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
First Western Australian commercial avocado shipment arrives in Thailand
Switzerland must defend Gruyère cheese in trade agreements
All bee colonies in Switzerland are sick
Russian producers received record compensation for hogs lost to ASF
Morocco sends over half of its tomato exports to France
Investors less likely to sell losing stocks when entire portfolio is at loss
How managers can encourage employees to share their best ideas
More than 50% of software leader roles will explicitly require oversight of generative AI
Gartner survey: Half of candidates accepted job offer and backed out before starting
Educational bootcamps can help people switch careers, says study
Commission re-imposes €376.36 million fine on Intel for anticompetitive practices in market for computer chips
Goldman Sachs to pay SEC $6 million in penalties for providing deficient blue sheet data
Commission fines defence company €1.2 million in cartel settlement
SEC charges Aras Investment Business Group in Ponzi scheme targeting Spanish speaking U.S. investors
SEC charges Lyft with failure to disclose board member’s interest in private shareholder’s transaction before IPO
Magazine
151 room Taj the Trees hotel opens in Mumbai
Festival of films made by kids returns to Blatimore, Md.
World's glass blowing artists will come to Jack Pine Glass Pumpkin Festival
Cous Cous Fest in Sicily, make cous cous not war
Zeppelin flies again and it's better than ever
Ares Modena S1 is real take on Corvette
Toyota to launch new Century in Japan
Alfa Romeo 33 Stradale, pure beauty with 750 hp
Grand Soleil 40, fast and responsive boat
Zenvo Aurora, Danish miracle with turbocharged V12 engine
Graff, obsession with perfection
Ballerina kitchens, the dance of style and function
Big ideas for small interiors
How to choose colors for your walls
Vintage chairs to embellish any room
HP Spectre Foldable PC, interesting laptop but $5000 for it is way too much
Deutsche Telekom Fairphone 5, sustainable and ethical smartphone you can repair yourself
Canon MS-500, ultra sensitive camera for professionals
Nikon Z 8, full frame mirrorless camera for professionals
Reed Muse 3A turntable, good design and even better music
Cambodia confirms first case of Zika infection since 2016
European Commission approves Menarini Group's ORSERDU (elacestrant)
Study finds wrist temperature linked with future risk of disease
Almost everyone in Europe breathing toxic air
Clinical trial of HIV vaccine begins in U.S. and South Africa
Astronomers discover newborn galaxies with James Webb
Hidden ocean source of CO2 on Jupiter moon Europa
China builds first antenna for world's largest radio telescope array
James Webb and ALMA capture core of most distant galaxy protocluster
'Alien' bodies are complete skeletons, scientists say